Nutrien Ltd. Announces Quarterly Dividend of $0.55 (NYSE:NTR)

Nutrien Ltd. (NYSE:NTR) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 29th will be paid a dividend of 0.55 per share on Friday, October 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 29th.

Nutrien has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Nutrien has a payout ratio of 53.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nutrien to earn $4.69 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 46.9%.

Nutrien Trading Down 1.5%

NYSE:NTR traded down $1.00 on Thursday, hitting $65.92. 1,770,236 shares of the stock were exchanged, compared to its average volume of 3,181,332. The stock has a fifty day moving average of $66.21 and a 200-day moving average of $70.47. The stock has a market cap of $31.53 billion, a PE ratio of 13.44, a PEG ratio of 0.67 and a beta of 0.61. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien has a fifty-two week low of $53.03 and a fifty-two week high of $85.36.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). The business had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.44 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.65 EPS. As a group, equities analysts expect that Nutrien will post 5.01 earnings per share for the current fiscal year.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.